This is BTCUSD daily price analysis, provided by Mudrex (automated crypto investing platform). This analysis is based on signals from 28 technical indicators, out of which 17 are moving averages and the remaining 11 are oscillators. These indicator values are calculated using 4 hr candles.
You can find price analysis from previous days on blog here and on Tradingview here.
Market in last 24hrs
- BTCUSD saw a continued uptrend with the price riding the upper band with high volumes
- Price volatility was very high. The market moved ~11.12%, between $18.48k and $16.63k
Today’s Trend analysis
- BTCUSD expected to see an uptrend as the price has been riding the upper band with higher lows and the Bollinger band expansion
- Price at time of publishing: $18,177
- BTC’s market cap: $337 Billion
- Oscillator indicators are mostly neutral. RSI at 82
- Moving average indicators are indicating an uptrend Ichimoku Cloud is neutral
- Volume indicators observed an increase in volume for blue candles while the low value for a red candle
Price expected to see an uptrend as the price has been riding the upper band with higher lows and the Bollinger band expansion. Most of the Oscillator indicators are neutral. MACD line moving above the signal line, with the histogram size decreasing in the positive region suggesting bullish bias. RSI at 82, in the overbought region indicating a downtrend soon. CCI at around 146, in the overbought region indicating a downtrend. Another interesting point to notice here is that the volume observed an increase in volume for blue candles while the low value for a red candle.
Most of the oscillators are neutral. CCI at 146 in the overbought region. RSI with a value of around 82 in the overbought region.
Definition:- Oscillator indicators are based on the market’s property that what goes up must come down. Reversion to the mean is one of the most fundamental properties of any market. Oscillators are predictive in nature, specifying future price momentum.
|Relative Strength Index (14)||82||Sell|
|Stochastic %K (14, 3, 3)||90.96||Neutral|
|Commodity Channel Index (20)||146.33||Sell|
|Average Directional Index (14)||34.69||Neutral|
|MACD Level (12, 26)||542.51||Buy|
|Stochastic RSI Fast (3, 3, 14, 14)||100||Neutral|
|Williams Percent Range (14)||−10.05||Neutral|
|Bull Bear Power||1475.8||Neutral|
|Ultimate Oscillator (7, 14, 28)||77.11||Buy|
Moving Average Indicators
Moving average (MA) indicators are indicating an uptrend. Ichimoku Cloud is neutral and Hull MA is indicating a selling opportunity.
Definition:- Moving Average indicators are lagging indicators that help catch trends when they are beginning to take effect. The idea is to buy when the trend is moving up and sell when the trend is falling.
|Exponential Moving Average (5)||17914.07||Buy|
|Simple Moving Average (5)||17950.51||Buy|
|Exponential Moving Average (10)||17529.57||Buy|
|Simple Moving Average (10)||17418.33||Buy|
|Exponential Moving Average (20)||17051.15||Buy|
|Simple Moving Average (20)||16793.08||Buy|
|Exponential Moving Average (30)||16761.32||Buy|
|Simple Moving Average (30)||16558.45||Buy|
|Exponential Moving Average (50)||16351.55||Buy|
|Simple Moving Average (50)||16233.68||Buy|
|Exponential Moving Average (100)||15570.67||Buy|
|Simple Moving Average (100)||15454.2||Buy|
|Exponential Moving Average (200)||14439.29||Buy|
|Simple Moving Average (200)||14089.04||Buy|
|Ichimoku Cloud Base Line (9, 26, 52, 26)||17099.05||Neutral|
|Volume Weighted Moving Average (20)||17197.71||Buy|
|Hull Moving Average (9)||18336.26||Sell|
In the recent few candles, the volume saw an increase from 1.8k to 10.1k as the blue candles were observed, decreasing to 3.3k for red candles. Followed by an increase to 10.8k for subsequent blue candles. The 20-candle moving average increased from 1.84k to 3.02k
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